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XCHA.L vs. IDFX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XCHA.L vs. IDFX.L

Last updated Jun 5, 2026

XCHA.L (Xtrackers CSI 300 Swap UCITS ETF 1C) and IDFX.L (iShares China Large Cap UCITS) are both China Equities funds - XCHA.L tracks the MSCI China A Onshore NR CNY while IDFX.L tracks the MSCI China NR USD. Both are passively managed. Over the past 10 years, XCHA.L returned 9.32%/yr vs 2.94%/yr for IDFX.L. A 0.71 correlation means they provide meaningful diversification when combined. XCHA.L charges 0.50%/yr vs 0.74%/yr for IDFX.L.

Performance

XCHA.L vs. IDFX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.L) and iShares China Large Cap UCITS (IDFX.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XCHA.L achieves a 11.44% return, which is significantly higher than IDFX.L's -7.34% return. Over the past 10 years, XCHA.L has outperformed IDFX.L with an annualized return of 9.32%, while IDFX.L has yielded a comparatively lower 2.94% annualized return.

XCHA.L

1D
-0.57%
1M
2.27%
YTD
11.44%
6M
15.20%
1Y
41.84%
3Y*
15.51%
5Y*
2.07%
10Y*
9.32%

IDFX.L

1D
-0.21%
1M
-2.66%
YTD
-7.34%
6M
-8.50%
1Y
0.27%
3Y*
12.09%
5Y*
-3.09%
10Y*
2.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XCHA.L vs. IDFX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XCHA.L
Xtrackers CSI 300 Swap UCITS ETF 1C		11.44%30.08%16.02%-11.00%-24.25%3.24%45.85%40.57%-24.28%35.23%
IDFX.L
iShares China Large Cap UCITS		-7.34%28.34%31.04%-13.61%-20.49%-20.45%10.44%13.04%-12.07%35.25%

Correlation

The correlation between XCHA.L and IDFX.L is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.72

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Jul 18, 2012

0.71

The correlation between XCHA.L and IDFX.L has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.

XCHA.L vs. IDFX.L - Sectors Allocation Comparison

Sectors
XCHA.L
IDFX.L

Technology

26.9%
5.4%

Financial Services

20.0%
34.7%

Industrials

16.5%
3.1%

Basic Materials

10.3%
4.1%

Consumer Defensive

7.2%
0.9%

Consumer Cyclical

6.5%
26.6%

Healthcare

4.7%
2.3%

Energy

3.0%
5.2%

Utilities

2.8%
0.4%

Communication Services

1.6%
16.2%

Real Estate

0.5%
1.1%

Technology

XCHA.L
26.9%
IDFX.L
5.4%

Financial Services

XCHA.L
20.0%
IDFX.L
34.7%

Industrials

XCHA.L
16.5%
IDFX.L
3.1%

Basic Materials

XCHA.L
10.3%
IDFX.L
4.1%

Consumer Defensive

XCHA.L
7.2%
IDFX.L
0.9%

Consumer Cyclical

XCHA.L
6.5%
IDFX.L
26.6%

Healthcare

XCHA.L
4.7%
IDFX.L
2.3%

Energy

XCHA.L
3.0%
IDFX.L
5.2%

Utilities

XCHA.L
2.8%
IDFX.L
0.4%

Communication Services

XCHA.L
1.6%
IDFX.L
16.2%

Real Estate

XCHA.L
0.5%
IDFX.L
1.1%

Compare stocks, funds, or ETFs

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Xtrackers CSI 300 Swap UCITS ETF 1C

iShares China Large Cap UCITS

Often compared with XCHA.L:
XCHA.L vs. ASHRXCHA.L vs. CSPX.LXCHA.L vs. VUAA.DEXCHA.L vs. HMCT.LXCHA.L vs. CA3S.LXCHA.L vs. XCNA.LXCHA.L vs. CEBG.L
Often compared with IDFX.L:
IDFX.L vs. FXIIDFX.L vs. HMCD.LIDFX.L vs. C500.LIDFX.L vs. CM5S.LIDFX.L vs. CNDX.LIDFX.L vs. C300.LIDFX.L vs. JRCE.L

Return for Risk

XCHA.L vs. IDFX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XCHA.L
XCHA.L Risk / Return Rank: 8383
Overall Rank
XCHA.L Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
XCHA.L Sortino Ratio Rank: 7878
Sortino Ratio Rank
XCHA.L Omega Ratio Rank: 7777
Omega Ratio Rank
XCHA.L Calmar Ratio Rank: 9393
Calmar Ratio Rank
XCHA.L Martin Ratio Rank: 8989
Martin Ratio Rank
IDFX.L
IDFX.L Risk / Return Rank: 99
Overall Rank
IDFX.L Sharpe Ratio Rank: 99
Sharpe Ratio Rank
IDFX.L Sortino Ratio Rank: 99
Sortino Ratio Rank
IDFX.L Omega Ratio Rank: 99
Omega Ratio Rank
IDFX.L Calmar Ratio Rank: 99
Calmar Ratio Rank
IDFX.L Martin Ratio Rank: 99
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XCHA.L vs. IDFX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.L) and iShares China Large Cap UCITS (IDFX.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

XCHA.LIDFX.LDifference
Sharpe ratioReturn per unit of total volatility
2.51
0.01

+2.50

Sortino ratioReturn per unit of downside risk
3.44
0.16

+3.28

Omega ratioGain probability vs. loss probability

1.45

1.02

+0.43

Calmar ratioReturn relative to maximum drawdown

6.69

0.02

+6.67

Martin ratioReturn relative to average drawdown

19.41

0.04

+19.37

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCHA.L vs. IDFX.L - Sharpe Ratio Comparison

The current XCHA.L Sharpe Ratio is 2.51, which is higher than the IDFX.L Sharpe Ratio of 0.01. The chart below compares the historical Sharpe Ratios of XCHA.L and IDFX.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XCHA.LIDFX.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.51

0.01

+2.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.09

-0.10

+0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.41

0.11

+0.30

Sharpe Ratio (All Time)

Calculated using the full available price history

0.29

0.13

+0.17

Drawdowns

XCHA.L vs. IDFX.L - Drawdown Comparison

The maximum XCHA.L drawdown since its inception was -50.88%, smaller than the maximum IDFX.L drawdown of -70.30%. Use the drawdown chart below to compare losses from any high point for XCHA.L and IDFX.L.

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Drawdown Indicators

XCHA.LIDFX.LDifference

Max Drawdown

Largest peak-to-trough decline

-50.88%

-70.30%

+19.42%

Max Drawdown (1Y)

Largest decline over 1 year

-6.23%

-15.54%

+9.31%

Max Drawdown (3Y)

Largest decline over 3 years

-26.84%

-28.74%

+1.90%

Max Drawdown (5Y)

Largest decline over 5 years

-40.18%

-54.41%

+14.23%

Max Drawdown (10Y)

Largest decline over 10 years

-44.90%

-60.44%

+15.54%

Current Drawdown

Current decline from peak

-1.93%

-26.55%

+24.62%

Average Drawdown

Average peak-to-trough decline

-24.58%

-33.92%

+9.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.15%

7.25%

-5.10%

Volatility

XCHA.L vs. IDFX.L - Volatility Comparison

The current volatility for Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.L) is 6.13%, while iShares China Large Cap UCITS (IDFX.L) has a volatility of 7.60%. This indicates that XCHA.L experiences smaller price fluctuations and is considered to be less risky than IDFX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XCHA.LIDFX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.13%

7.60%

-1.47%

Volatility (6M)

Calculated over the trailing 6-month period

11.46%

13.86%

-2.40%

Volatility (1Y)

Calculated over the trailing 1-year period

16.60%

19.26%

-2.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.39%

29.88%

-7.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.69%

26.08%

-3.39%

XCHA.L vs. IDFX.L - Expense Ratio Comparison

XCHA.L has a 0.50% expense ratio, which is lower than IDFX.L's 0.74% expense ratio.

Dividends

XCHA.L vs. IDFX.L - Dividend Comparison

XCHA.L has not paid dividends to shareholders, while IDFX.L's dividend yield for the trailing twelve months is around 1.92%.

PositionTTM20252024202320222021202020192018201720162015
IDFX.L
iShares China Large Cap UCITS		1.92%1.76%2.38%2.43%2.36%1.86%2.39%2.44%3.04%2.35%2.47%2.70%
XCHA.L
Xtrackers CSI 300 Swap UCITS ETF 1C		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XCHA.L and IDFX.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XCHA.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XCHA.L is cheaper with a 0.50% expense ratio, compared with 0.74% for IDFX.L.

XCHA.L tracks MSCI China A Onshore NR CNY, while IDFX.L tracks MSCI China NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.50% for XCHA.L and 0.74% for IDFX.L.

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